Shanghai copper rose strongly, and the market was optimistic during the day

During the Asian session, London copper jumped and fluctuated in a narrow range, and the latest quotation at 15:01 Beijing time was 8321 US dollars / ton, up 36 US dollars, or 0.
43%.

In terms of the market, today's domestic spot copper prices rose sharply, Yangtze River spot 1# copper 66460 yuan / ton, up 1000 yuan, liters 450-liters 490; The Yangtze River Comprehensive 1# copper price was reported at 66340 yuan / ton, up 990 yuan, and the premium was 290-410; Guangdong spot 1# copper price reported 66220 yuan / ton, up 990 yuan, premium 130-liter 330; Shanghai spot 1# copper price was 66330 yuan / ton, up 1010 yuan
.

In the spot market, the trading atmosphere has improved slightly, the enthusiasm of cargo holders has increased slightly, and the enthusiasm for downstream market inquiry has increased slightly, but the trading volume is limited
.
The Fed's dovish speech from Powell reinforced expectations of a slowdown in the pace of interest rate hikes, the dollar fell to its worst monthly performance, risk assets generally strengthened, and Shanghai copper was
boosted.

Domestic policy warm wind frequently blows to promote emotional recovery, coupled with overseas warm wind is conducive to the macro environment to improve, boost copper price trends, and domestic and foreign inventories continue to decline, domestic spot premium stabilized and rebounded, refined waste price spread falling, scrap copper substitution is limited, which is conducive to refined copper consumption, these positive factors resonance will support short-term prices, copper or rise
.